Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Euro/Kenyan Shilling (FOREX:EURKES)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURKES
The long term trend has been DOWN since Apr 20th, 2018 at 123.016
The intermediate term trend has been DOWN since Feb 7th, 2018 at 125.390
The short term trend has been UP since May 22nd, 2018 at 118.760
Smart Scan Analysis for EURKES
Based on a pre-defined weighted trend formula for chart analysis, EURKES scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).